What We Are Watching for the Week March 8, 2010 – BMGP, MDHI, BIEL, CSKH, PAP, PASO and AQUM

What We Are Watching for the Week March 8, 2010 – BMGP, MDHI, BIEL, CSKH, PAP, PASO and AQUM

Biomagnetics Diagnostics (BMGP) – This weekend we added an update to the blog on BMGP. Click to the right under “Stocks Covered” and select Biomagnetics Diagnostics to view the update. Over the short term we are expecting Biomagnetics to complete an additional deal with Los Alamos Laboratories. The availability of this revolutionary integrated optical biosensor product is only a few months away. We believe it could revolutionize the testing for malaria, tuberculosis, cholera and HIV/AIDS. With the total market capitalization at only $7 million, we believe the shares are grossly undervalued. By the way, don’t forget to take a look at the new video on BMGP which is posted in the right margin of this blog page.

Medical Alarm Concepts Holdings, Inc. (MDHI) – Medical Alarm Concepts is a new name for Emerging Growth Research, LLP. We recently made a substantial long-term investment in this Company and we are very excited about its prospects. As baby boomers begin to retire and as the U.S. population continues to age, we believe products such as those offered by this Company will become increasingly popular. Remember the old TV commercial where the elderly woman falls and screams, “I’ve fallen and I can’t get up.”? – Medical Alarm Concepts offers a significantly upgraded version of the technology originally designed by the very successful Company that sponsored those advertisements. Click on the right side of this blog to review the full report issued today.

BioElectronics Corp. (BIEL) – We and the management team have several surprises in store for investors over the coming weeks. First, will be the release of a two part audio interview with CEO, Andrew Whelan. In the interview, which lasts a total approximately 35 minutes, he answers investor questions that have been posed over the past few weeks. While the first part of the interview will not be released until sometime on Monday and I do not want to reveal too much about what he says, I will tell you that he is extremely positive. Part two of the interview will be released on Tuesday.

As many of you know, the Latin American direct response television campaign launched last week. The thought within BioElectronics and among many large shareholders is that if the testing of the Latin American campaign is successful, then similar campaigns can also be successful in other parts of the world. While full details of the initial test of the market are still coming in, I can say that early indications are that the initial sales numbers are extremely strong. We will know more over the next few days as all of the data is gathered – but so far, things are looking very good.

With the audit through 2008 completed, the 2009 audit results likely being announced over the short term, the upgrading by pink sheets to fully reporting, and what appears to be extremely strong test results of the direct response program in Latin America, I can easily see BIEL shares making a significant recovery above and beyond the strong appreciation that was experienced during the second half of last week.

Clear Sky Solar (CSKH) – Some of my followers consider me being outright wrong on Clear Skies. While the stock certainly has not performed, we believe we are 100% correct in our assessment of the fundamentals. This week, Clear Skies holds an important board meeting where they plan on discussing the business pipeline moving forward and the proper methodology to communicate this message to investors. We believe this will be an important event, as we believe the decision will be made to become much more aggressive in communicating that financing is back within the solar industry and that CSKH will significantly benefit as this important industry once again begins to show hypergrowth.

Our opinion on Clear Skies has not changed one bit – these shares are significantly undervalued and are headed much, much higher. Buying at this reduced valuation is a smart move – Stay tuned.

KeyOn Communications (KEYO) – Last week, KeyOn received a notice from the federal government that all 11 of its applications for broadband stimulus funds had been rejected. Several weeks ago, we indicated to investors that if they were not already positioned in KeyOn, the investment of new funds was probably appropriate until the status of broadband stimulus funds was determined. We made a substantial investment in restricted shares of KeyOn last year, so we were clearly disappointed to see the rejections. The Company’s applications will now be forwarded to the second round of broadband stimulus funds, which is actually slightly larger than the first round. We hope that wireless vendors will be treated a bit better in the second round of the stimulus awards. KeyOn management will be holding a conference call after the close of trading on Monday, March 8th to discuss next steps. Our position remains the same on KeyOn – if they receive federal stimulus funds the stock will boom, but betting on it at this point with new money is probably not a great idea for most investors.

Pacific Asia Petroleum (PAP) – Our blog entries on Pacific Asian Petroleum are some of our most popular. We like what this AMEX NYSE listed company is doing, especially related to its new offshore Nigeria deal. The management team of this Company is very sound and has a stellar reputation in this industry. This week, we will be watching for at least one SEC filing that will give us some additional direction as to where these shares are headed. As soon as these filings are issued, will be back on the blog with some analysis – we are hoping he will be early this week.

Patient Access Solutions (PASO) – PASO has been a great stock for us and its investors over the past few months, moving up nearly 300%. Over the past couple of weeks we have seen the shares trade off modestly. We attribute this mainly to profit taking and the lack of news flow from the management team. We did an update with the CEO a few days ago and it appears the Company’s prospects remain stronger than ever. This is especially true relative to the Company’s digital pen application for the home healthcare market. Expect the Company to begin communicating the message of the strengthening of the business over the coming weeks. If shares weaken, we believe will be a strong buying opportunity.

Aquamer Medical Corp. (AQUM) – As many of you know, we love meeting new management teams. Last week, we had the opportunity to sit down with the management team of a unique company called Aquamer Medical Corp. We suggest you put this on your watch list, as it is a company in which we have significant interest. We will be back with all of you over the coming weeks as we complete our due diligence.